Share Market LIVE: Sensex, Nifty likely to open flat today

Good morning!

Indian equity market fell for the second straight session on Tuesday, tracking heavy losses in metal, energy and IT shares amid weak global cues. Sensex slumped 388 points to end at 58,576 and Nifty declined 144 points to 17,530.

What's next? Here are the latest updates!

8:45 am:  FII and DII action

Foreign institutional investors (FIIs) sold shares worth Rs 3,128.39 crore on April 12, and domestic institutional investors (DIIs) bought shares worth Rs 870.01 crore, as per provisional data available on NSE.

8:40 am: Global updates

Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data. All three major US stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling the Nasdaq down 2.2 percent.

The Dow Jones Industrial Average fell 413.04 points, or 1.19 percent, to 34,308.08, the S&P 500 lost 75.75 points, or 1.69 percent, to 4,412.53 and the Nasdaq Composite dropped 299.04 points, or 2.18 percent, to 13,411.96.

Shares in Asia-Pacific rose in Wednesday morning trade as investors watch for market reaction to the release of a slightly hotter-than-expected US inflation report. The Nikkei 225 in Japan climbed 0.55 percent in early trade as shares of Fast Retailing gained more than 1 percent. The Topix index advanced 0.39 percent. South Korea’s Kospi rose 0.46 percent, while the S&P/ASX 200 in Australia edged fractionally higher.

8:30 am: SGX Nifty

The Indian equity market is likely to open flat today as SGX Nifty was trading 37 points higher at 17,598.

The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market.

8:15 am: Market on Tuesday

Indian equity market fell for the second straight session on Tuesday, tracking heavy losses in metal, energy and IT shares amid weak global cues. Sensex slumped 388 points to end at 58,576 and Nifty declined 144 points to 17,530.

Tata Steel, Tech Mahindra, Wipro and Bharti Airtel were the top Sensex losers, falling up to 2.76%. Axis Bank, Kotak Bank, and PowerGrid were among the top Sensex gainers, rising up to 1.67%.

Metal, oil and gas and IT shares were the top sectoral losers with their BSE indices falling 825 points, 499 points and 539 points, respectively.

BSE midcap and small cap indices slumped 369 points and 438 points, respectively.

The market breadth was negative with 1166 shares ending higher against 2253 stocks in the red. 97 shares were unchanged.